ORDER

MUHAMMAD SHARIF CHAUDHRY (ACCOUNTANT MEMBER). ---Appeal has been filed by a wealth tax assessee to call in question appellate order dated 21-9-2001 passed by Commissioner Income Tax/Wealth Tax Appeal Zone-IV, Lahore for the year 2000-2001 under section 23 of the Wealth Tax Act. It has been contended in the grounds of appeal that the learned Commissioner was not justified to uphold the disallowance of liabilities. According to the appellant, his claim of liabilities is in the form of securities which have been received from the tenants and which are refundable to the tenants at the time of vacation of property by them and, therefore, the liabilities are admissible as deduction from wealth.2. It has been submitted by the AR of the appellant that the judgments of the ITAT relied upon by the Wealth Tax Officer for disallowing assessee's claim are not applicable to his case. In the quoted judgments, it has been pointed out by the AR, the ITAT had disallowed claim of unadjusted advance rent ...